The TradeTech Daily 2008 Issue 4

The TradeTech Daily 2008 Issue 4

In this issue:

Rivals choose to fight a common causeFree-for-all gives way to one-for-all as execution rivals focus on the optimal model for dealing with Europe’s complex clearing and settlement arrangements

Bring it on!LSE is ready to take on rival execution venues

What lies ahead for traders?Liquidity and technology will remain top of the trader’s concerns over the next few years, says head of BNP Paribas Securities in Asia

Traders compare notesBuy-side heads of desk took advantage of a closed session to thrash out key challenges on a peers-only basis. Printing costs post-MiFID were a cause for complaint

Why the buy-side is not buyingSome asset managers believe the onus is on the sell-side to invest in and adopt the newest trading techniques. Brokers failing to deliver risk being dropped by institutional clients

Making markets in computing capacityComputing power will become a tradable commodity like anything else, argues Professor David Cliff

Lords of disciplineSuccessful long-term traders should adhere to their methodologies, even if it means running counter to the flow in volatile market conditions

Alpha traders need more than talentSenior management support is critical in championing the development of alpha traders

Fighting talk as rival MTFs take the stageTurquoise CEO quashes rumours of further delay and tells delegates that the pan-European MTF is in business development mode

No pain, no gain for Europe’s exchangesThe incumbent exchanges must be prepared to make tariff cuts and cannibalise their income if they are to take on the new wave of faster, cheaper execution venues setting up in Europe

Dark liquidity challenges exchangesDespite exchanges’ robust defences of their public limit order books, they may not be the best place for certain orders